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Market News The Price of Polkadot's Native Cryptocurrency, DOT, Increases by 10% Weekly

The Price of Polkadot's Native Cryptocurrency, DOT, Increases by 10% Weekly

The weekly price increase of 10% for DOT, the native cryptocurrency of Polkadot, has prompted bullish forecasts of potential surges beyond $10; some analysts have even predicted a $100 increase, and prominent crypto analysts have indicated a positive market rotation.

TOP1 Markets Analyst
2024-05-07
8452

 Polkadot 2.jpeg

 

The price of DOT, the native cryptocurrency of Polkadot, increased by 10% per week, per CryptoPotato. Bullish forecasts have surfaced regarding potential price increases to $10 or more, particularly in the event that the advance surpasses specific critical resistance levels. Certain analysts have even projected additional upward movements for the asset, estimating values that range from a remarkable $100 to $15.80.

 

Recently, a well-known entrepreneur going by the alias Ted asserted that the token is reassessing a significant support zone. He is of the opinion that DOT's value may increase to $10 within the coming months if it exceeds $7. Over the weekend, the asset surpassed that level, which is noteworthy. Additionally, CRYPTOWZRD and Jesse Olson, among others, have articulated bullish forecasts. CRYPTOWZRD predicts that DOT will surpass $9.60 before the next bull run begins, whereas Jesse Olson asserts that the current state of DOT presents investors with the same purchasing opportunity as it did six months ago.

 

Recently, crypto analysts have assumed a more active role in elaborating DOT forecasts. Michael van de Poppe and Ash Crypto, who has amassed more than one million followers, are two of them. Ash Crypto's admission that he is still in possession of DOT increases optimism for a price increase to $15, the highest level in two years. Thomas Kralow, a crypto devotee and the most sanguine analyst to comment on DOT, forecasted a price surge to an astounding $100 during the subsequent bull run. Michael van de Poppe asserted that Polkadot has made "vital progress" over time and predicted that "rotation is imminent." Moreover, he disclosed that the asset was being incorporated into his personal portfolio.

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